What is the correct answer?


The production techniques are technically efficient:

A. Bellow the lower ridge line

B. Above the upper ridge line

C. Between the two ridge lines

D. On the upper ridge line

Correct Answer :

C. Between the two ridge lines

Related Questions

In the long run: The slope of budget line shows the price ratios of: The Substitution Effect (S.E) is always: If the factors have to be employed in a fixed ratio, then the elasticity… Increasing returns is not caused by: The basic subject matter of economics is: An exceptional demand curve is: The production techniques are technically efficient: The supply curve for the short-run competitive firm is the same as: Short run cost curves are influenced by: At final equilibrium in cournot model, each firm sells: The number of sellers in oligopoly are: On an indifference map higher indifference curves show: Each short run average cost curve: If both demand and supply were to increase then: To calculate the elasticity of demand, which of the following formula… Identify the work of Irving Fisher: Decrease in demand results in: Average cost means: A shift in the demand for a product is likely to result from a change… The market demand shedule is determined by: The costs faced by the firm against fixed factors are: If less is demanded at the same price or same quantity demanded at a lower… If a ten percent increase in price causes a ten percent reduction in quantity… In dominant price leadership model, the small firms are like: The firm in cournot model: If a straight line supply curve makes an intercept on the Y-axis, elasticity… When at a given price, the quantity supplied of a commodity is more than… In the case of substitutes, the cross demand curve slopes Under Bandwagon effects, people use those goods which are used by their: